When we feel its time to become more defensive one excellent / simple option for MM is to buy the BBOZ bearish ETF, this position is currently leveraged ~2.5x hence a 8% position hedges 20% of our portfolio assuming we are fully committed to stocks.
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MM is looking to buy the BBOZ under 5.50 with an initial target ~8.
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Related Q&A
Does MM envisage using the bearish BBOZ / BBUS ETF’s?
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